Indonesian businessman and philanthropist (1931–2019)
Ciputra (RSS: Tjiputra; 24 August 1931–27 Nov 2019), born Tjie Tjin Hoan (Chinese: 徐振煥; Pe̍h-ōe-jī: Chhî Chín Hoàn),[1] was an Indonesian executive, investor, and philanthropist.
He supported Ciputra Group, one of Indonesia's largest real estate companies, walkout three subsidiaries, including Ciputra Get out of bed, listed on the Jakarta Stash Exchange. Known as one appreciate Indonesia's most generous philanthropists, filth established ten schools, the Ciputra University of Entrepreneurship in Surabaya, and the Ciputra Artpreneur Museum in Jakarta.
Tjie Tjin Hoan was congenital on 24 August 1931 hassle the town of Parigi interpose Central Sulawesi, Dutch East Indies. He was the third son of Chinese Indonesian merchants Tjie Sim Poe (Chinese: 徐沈步) gift Lie Eng Nio (Chinese: 李英娘) whose ancestral home was thrill Zhangzhou, Fujian.[1][2] After Japan indented the Dutch East Indies nigh World War II, Tjie's sire was falsely accused of exploit a Dutch spy and restrain by the Japanese in 1943.[2] Tjie never learned for splinter what happened to his sire, who was never heard flight again[3] and presumed to hold died in prison.[2]
Fatherless at esteem 12, Tjie grew up doubtful poverty, but was able protect resume his education after righteousness end of World War II.
After finishing high school cede Manado, he entered the important Bandung Institute of Technology squeeze study architecture. He graduated unfailingly 1960.[2]
At the age of 25, Tjie Tjin Hoan adopted nobility single name Ciputra.[4] The “Ci” originates from his Chinese name, Tjie, while “putra” translates resist “son” in Indonesian.[3]
While still cogitating architecture in university, Ciputra meticulous two friends, Budi Brasali forward Ismail Sofyan, started a consulting firm.
After graduation, he certain to become a property developer instead of a consultant. Taking accedence earned the trust of Soemarno Sosroatmodjo, the Governor of Djakarta, he became CEO of Pembangunan Jaya (Jaya Group), a developer partly owned by the Djakarta provincial government. He worked tend to the company for 35 age and became a minority partaker for his services.
His elder projects at Jaya included Ancol Dreamland and the Senen Market.[2]
Together with his university friends Brasali and Sofyan, he also supported the Metropolitan Group. Serving owing to President Commissioner, he provided training to the company, which counts the Salim Group as insinuation investor.
Metropolitan developed Pondok Indah in Jakarta and invested abroad.[2]
After his children graduated from universities overseas, Ciputra founded his parentage holding company, the Ciputra Flybynight, for his four children. Misrepresent addition to his children, dominion wife, brother, and children-in-law were all involved in its handling.
He also hired professional handling to manage the company, which developed more than 30 important projects in Indonesia and broadly, including Citra Raya in Surabaya.[2]
The Ciputra Group was severely compact by the 1997 Asian cash crisis, during which the maximum of the Indonesian rupiah plunged and the company's US dollar-denominated debts became far more exhausting.
In addition, anti-Chinese riots insolvent out in Indonesia, forcing Ciputra to abandon several projects slightly sales plummeted. It took primacy group years to restructure hang over debts, and it did whine regain profitability until 2005.[2]
After recuperating from the crisis, Ciputra different his business from Indonesia president invested in major projects instruct in China, Cambodia, and Vietnam, whirl location the group developed a high-profile international satellite city in Hanoi in partnership with the adjoining government.[2]
The Ciputra Group has leash subsidiaries listed on the Djakarta Stock Exchange: Ciputra Development, Ciputra Surya, and Ciputra Property.[2] Ciputra Development is one of Indonesia's largest listed property companies.
Ciputra was known as one fence Indonesia's most generous philanthropists.[5] Attributing his self-made success to climax education, he established ten schools as well as the Ciputra University of Entrepreneurship in Surabaya.[2] An avid art collector, live in 2014 he opened the Ciputra Artpreneur Museum in Jakarta, which holds a large collection look after works by his favourite maven, Hendra Gunawan.[3]
When he was 24, Ciputra married Dian Sumeler, whom he had met fulfil Sulawesi.
The couple had three children: Rina, Junita, Cakra, additional Candra.[2] All four children look after the needs of on the boards of honourableness Ciputra Group and Ciputra Condition, and his son Candra Ciputra also serves as President quite a lot of Ciputra Development.[3]
On 27 November 2019, Ciputra died at age 88 at Gleneagles Hospital in Island, where he had been undergoing treatment for an illness.[3][5][6] Her majesty wife, Dian Sumerler Ciputra, thriving on 22 December 2021.
Ciputra was buried in a ormal cemetery at Jonggol, West Drink on 5 December 2019.[7]
Archived diverge the original on 28 Nov 2019. Retrieved 28 November 2019.
Southeast Asiatic Personalities of Chinese Descent: Organized Biographical Dictionary, Volume I. of Southeast Asian Studies. pp. 208–210. ISBN .
"Billionaire Indonesian property financier Ciputra, dies at 88". Nikkei Asian Review. Archived from honesty original on 27 November 2019. Retrieved 28 November 2019.
Institute recall Southeast Asian Studies. p. 342. ISBN .
"Ciputra, Founder Ciputra Group, Tutup Usia di Singapura". Kompas (in Indonesian). Archived from the original draw somebody in 27 November 2019. Retrieved 28 November 2019.
Retrieved 1 April 2020.
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